What is HyperStake?HyperStake is meant to be an experimentation in cryptocurrency economics. HyperStake's primary goal is to create a cryptocurrency that provides a generous return for securing the block chain without massive inflation. Currently inflation is managed through the maximum stake reward of 1000 HYP per stake combined with a block target of 90 seconds, this means maximum coins per day of 960,000 HYP. HyperStake is a very safe and easy to use coin that has withstood the test of time. HyperStake is 100% Proof of Stake and uses no Proof of Work mining.

Why HyperStake?HyperStake aims to be the best cryptocurrency to use for staking. Advanced staking tools within the wallet allow users to have complete control over their staking strategy and ability to maximize rewards. HyperStake has the most advanced wallet and tools for staking available anywhere. The ultimate goal of HyperStake is to become the #1 coin within the Proof of Stake category. When someone mentions Proof of Stake, HyperStake is what should immediately come to mind. A stage of aggressive development of HyperStake has begun and the quest to become the most notorious Proof of Stake coin continues!

BLOCKS LESS THAN 15,000 HYP WILL TAKE MUCH LONGER TO STAKE BECAUSE OF HIGH DIFFICULTY

How Does Inflation Control Work?Inflation control limits the maximum amount you can stake to 1,000 HYP for each block. This means that you will want to split your HYP blocks into the appropriate amount of HYP if you want to receive 750% reward, or else you will have your reward capped at 1,000 HYP. Reward is calculated by the following formula:

Code:

Reward = min(HYPamount * (7.5/365) * days-to-stake, 1,000)

Many of us have come to the conclusion that with such high difficulty, it is worth using bigger block size that will definitely hit max reward of 1,000, but will stake faster because of large size.See the splitting blocks tutorial for assistance. Also visit the inflation control wiki page and the inflation prediction website.

Roadmap

Wallet Features:- Custom Themes: HyperStake currently has 6 well designed themes to choose from. The wallet themes are able to be switched on the fly. When ZeeWolf designed the custom theme code for HyperStake, he made it so it would be easy for normal users to copy an existing theme and edit it to create their own theme. You can edit and add themes on the fly with no compilation needed.

- Advanced Coin Control: HyperStake has the most advanced version of coin control that has been implemented in any cryptocurrency wallet. The wallet allows you to easily select coins in mass via our coin filter box. The HyperStake wallet provides much more information than the standard coin control implementation, displaying columns like Age, Stake Weight, Estimated Days to Stake, and Potential Stake Value.

- Block Splitter: Split your coin blocks (our name for UTXO's) in one simple transaction. No need to use multiple transaction to split a coin block of 100,000 HYP into 20 coin blocks of 5,000 HYP. See this quick tutorial video for an overview.

- RPC Coin Control: We have added the ability to use the complete coin control tool-set via RPC. This means that users that run the daemon will not be left behind.

- MultiSend: MultiSend is a rebuild of what used to be called Stake For Charity (s4c). MultiSend allows a user to automatically send a percent of their stake reward to as many addresses as you would like. The MultiSend transaction is sent when the staked coins mature (30 confirmations). The only current restriction is that you cannot choose to send more than 100% of your stake using MultiSend. MultiSend is a perfect tool for sending reoccurring payments to a friend, sending part of your stake to a dice site, sending part of your stake to IRC, or even sending part of your stake straight to your exchange address. View the MultiSend Wiki Page for more information.

- Stake Split Threshold: HyperStake tries to give the user more control over every aspect of staking possible. By using the "setstakesplitthreshold" RPC call you are able to tell your wallet when you want your staked coins to split or to stay combined.

- Disable Stake: The HyperStake wallet allows you to disable your staking if certain parameters are met. Currently you can set your wallet to disable your stake by monitoring your wallet stake weight or network difficulty.

- liteStake : Previously the staking process would continuously rehash the same hashes over and over, needlessly taking up valuable CPU power. HYP added a std::map that tracks the block height and the last time the wallet hashed on this height. Depending on your staking settings, the wallet will not begin a new round of hashing until after a certain amount of time has passed, or a new block is accepted. This means that there will be 1-5 seconds of CPU hashing once every minute, compared to continuous CPU hashing.

Syncing Notice: When syncing the chain, the client can get stuck occasionally and need to be restarted in order to continue syncing. Please consider using the bootstrap for the quickest sync.

Block Chain BootstrapBootstrap file updated every hour - http://hyperstrap.ml/Usage: extract bootstrap.dat into data directory (for Windows go to "run" and type in %appdata% and find HyperStake folder), remove blkindex.dat and blk0001.dat. When you fire up your QT wallet, it will automatically detect the bootstrap and begin to work. Bootstrapping may take an hour or two depending on the machine, please be patient, the bootstrap happens from the splashscreen, and clicking on it while bootstrapping may cause it to quit. Please note that it is common for the bootstrap to load 90k or so blocks at a time and jump out of bootstrap mode (fixed in v1.1.3). If you client does this, simply turn it off. Go back to your datadir and rename bootstrap.dat.old to bootstrap.dat and restart your client, it will pick up where it left off.If you are using the daemon you will need to enter the following startup switch: ./hyperstaked -loadblock=bootstrap.dat

HyperStake is meant to be an experimentation in cryptocurrency economics. Do you like the thrill of living on the bleeding edge, and get the features before the others? Then HyperStake is for you.We won't experiment for the stake of experimenting. We want the coin to be viable too.We will listen to you, we will use bounties for offloading work for on you.HyperStake is using a fork launch, as mentioned above. This means we had to actually buy into the coin instead of creating an IPO or pre-mining. A quick warning that TRK did have a premine of 120k which is mostly spent and is completely unrelated and uncontrolled by the HYP team.

Hyperstake is based on Truckcoin.

Who are the devs?

Captain presstab and Commander davidlatapie are experienced holders and freelance devs of several coins (HBN, TEK, NOBL, TRK, MINT, XMR...). They are currently the only devs but are open to accept pull requests and submission from other community members.

Why did you fork an existing coin?After buying into TruckCoin and seeing the diminishing exchange rate because of lack of dev support, we decided to take things into our own hands. We are giving the TRK community a chance to make their coins worth something again. We get to take the coin into our own hands through a voluntary hard fork and we plan on adding many features through time. Join the experiment with us.

If you have TRK right now that you would like to be able to use as HYP, then it will need to be withdrawn from any of the exchanges and held in a wallet. You will then be able to locate the wallet.dat file in the appdata directory in the truckcoin folder. Make a copy of the wallet.dat and copy it over to the hyperstake folder. Note that this does not destroy or transfer your truckcoin or anything like that. If you have TRK before the fork you will essentially double your coins for free.

WalletWe will release a wallet after the hard fork occurs. We will stake the first forked block and we will checkpoint it into the client, upload the repo, and link everyone to a freshly built wallet.

To Do- Get an exchange- Updated logo (right now using very basic design)- Block explorer- Website

sounds pretty good only 750% is Very high i think 200% was pushing it allready.the truckcoin dev is onboard with your plan?can we get the current exchanges to change to the new wallet ?else we will just leave a dead coin slot on their exchange maybe they will want to work with us.(they did something similar for Piggy coin i think)other then these few questions i have id like to say thank you taking on this job and what would u want us to do to help promote this coin.can u make a twitter ann please so we can retweet it for starters.i hope the same guy could make a block explorer for this that did the one for truckcoin.(ill donate 1k for the new block explorer)(Bawaler made it last time if i remember correctly)maybe a logo desin contest ill donate 1k HYP to the winner and im sure others will chip in as well.ill donate another 2k to the guy that makes the website.and ill donate 1 btc worth of HYP to the devs when we hit 5k sat like was discussed in the previous thread.

We have some plans to mitigate the 750% rate. The truckcoin dev is not on board but he is welcomed to help in any way he sees fit.

Remember: this coin is a succession of experiments, things can change, even the interest rate, min age, whatever. Even more than with other altcoins, don't put money you cannot afford to lose. There is a reason why this is the bleeding edge

Social network, website, logo... Please do! First arrived, first served. We may decide retroactively to refuse something. No guarantee, no promises, no nothing. And remember: no premine or IPO, so everything will be handled by the community. Among other experiment, we'd like to see how staking make good bounties.

You can TRK on bittrex or allcoin. Probably the price of TRK will explode tomorrow and will fall by Monday, that's a side effect of this mode of distribution.

Hello, so what happens if I don't remove my TRK from online exchange before fork? Can I download new HYP wallet and transfer TRK wallet.dat file on Monday to new wallet? Lets say I have 1000 TRK so on Monday I would have 2000 HYP? Thanks.

Hello, so what happens if I don't remove my TRK from online exchange before fork? Can I download new HYP wallet and transfer TRK wallet.dat file on Monday to new wallet? Lets say I have 1000 TRK so on Monday I would have 2000 HYP? Thanks.

Then your coin would be in the exchanges wallet which would have to be moved over to the new daemon. Safe bet is to get it to your own wallet.

Can I download new HYP wallet and transfer TRK wallet.dat file on Monday to new wallet? Lets say I have 1000 TRK so on Monday I would have 2000 HYP? Thanks.

Depends on how long will the grace period be (grace period: time between availability of the HYP wallet and actual forking). I can't tell you the time now. It won't be weeks, that's for sure.After the transition, you won't have 2000 HYP. You will have 1000 TRK and 1000 HYP. You will keep the same address so you won't be able to multiply the 1000 TRK in several time 1000 HYP. It also means that you will have two different coins with exactly the same address - which is not a problem since you won't be using the same daemon once the hardfork is done. Much like having two machines called 192.168.0.5 is no problem in two different companies.

I have no idea how to do this -> "locate the wallet.dat file in the appdata directory in the truckcoin folder. Make a copy of the wallet.dat and copy it over to the hyperstake folder."

Can someone give me step-by-step instructions on how to do this? If this is too amateur hour, please PM me.

Thanks

I assume you are using Windows.0. Make sure the TRK wallet is closed1. Win+R to invoke the run command2. explorer.exe (then enter) to get the explorer window3. Ctrl+L to select the address bar of the explorer4. Replace the content of the address bar with %appdata%/truckcoin (then press enter)5. Copy wallet.dat6. Ctrl+L again to select the address bar of the explorer7. Replace the content of the address bar with %appdata%/hyperstake (then press enter)8. Paste wallet.dat (the one you copied on step 5). You will be prompted for overwriting (since they have the same name). Confim.9. Open hyperstake wallet. You should get the exact same number of HYP that you had of TRK.

All from memory since I don't have a Windows (and I am a lazy ass who doesn't want to start an VM)

I have 10k truck sitting in allcoin.. Hubby did a Chinese translation for TRUCKCOIN but unfortunately we were never paid a bounty for it..so want to apply for promo bounty here for promotion on blog in English plus some translation of ANN?